Analysis of survey data from 1013 undergraduates at a large southeastern university revealed that over half (51%) reported experience in a "friends with benefits" relationship. In comparing the background characteristics of participants with nonpartipants in a FWBR, ten statistically significant findings emerged. Findings included that participants were significantly more likely to be males, casual daters, hedonists, nonromantics, jealous, blacks, juniors/seniors, those who have had sex without love and those who regard "financial security" as their top value. The data reflected that the friends with benefits relationship is primarily sexual and engaged in by nonromantic hedonists who have a pragmatic view of relationships. Implications and limitations of the data are suggested.